SaskEnergy First Quarter Report - June 30, 2021

Financial and Operating Highlights

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

Three months ended June 30

2021

2020

54 49

58 47

Delivery

Transportation and storage

1 1 4

1

Commodity margin

(4)

Asset optimization margin Customer capital contributions Total revenue and margins

2

109

104

27 39 30

25 40 29

Employee benefits

Operating and maintenance Depreciation and amortization

3

3

Saskatchewan taxes Net finance expense

15

13

-

(2)

Other (gains)

Total expenses

114

108

(5)

(4)

Loss before unrealized market value adjustments

15 10

12

Market value adjustments CONSOLIDATED NET INCOME

8 3

4

Dividends declared

3,277 1,630 58.3%

3,161 1,516 57.9%

Total assets Total net debt

Debt ratio

64 33 30

56 42 13

Cash provided by operating activities Cash used in investing activities Cash used in financing activities OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

4 6

6 6

Commercial

41 51

Industrial

34 46

Total

Normal

18% colder

Weather (compared to last 30 years) Transmission energy (petajoules) Domestic

79

72

2

1

Export

Total

81

73

Cash from Operations $ Millions

Cash used in investing activities $ Millions

(Loss) income before MVA $ Millions

56

70

30

60

12

64

42

33

61

30

0

60

56

(5)

(4)

0

(30)

50

2021 2020 2019

2021 2020 2019

2021 2020 2019

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